Tags: kyle kelhofer

IFC helps Vietnamese bank aid SMEs amid COVID-19

IFC helps Vietnamese bank aid SMEs amid COVID-19

The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another US$40 million for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).

Database system of processing and manufacturing industries launched

Database system of processing and manufacturing industries launched

VOV.VN - The Ministry of Industry and Trade (MoIT), in conjunction with the International Finance Corporation (IFC) of the World Bank Group, with funding from the Australian Department of Foreign Affairs and Trade, and the Swiss State Secretariat for Economic Affairs, debuted a database system on June 19 that features the nation’s manufacturing and supporting industries.

Firms benefit from programme on efficient use of resources

Firms benefit from programme on efficient use of resources

The Vietnam Improvement Program has helped 82 garment-textile and footwear factories in Vietnam invest 37 million USD in efficient use of resources, thus saving 30 million USD per year, according to the International Finance Corporation (IFC).

IFC, TPBank sign deal on US$100 million loan

IFC, TPBank sign deal on US$100 million loan

The International Finance Corporation (IFC) and Tien Phong Commercial Joint Stock Bank (TPBank) have inked a deal under which the IFC will provide a syndicated loan of US$100 million to help TPBank extend long-term funding to mirco-, small- and medium-sized enterprises (MSMEs), and individual borrowers through digital delivery channels.

IFC plans to ramp up banking loans

IFC plans to ramp up banking loans

The financial sector is ranked first in priority of investment in Vietnam for the World Bank Group’s private investment arm IFC in 2018, according to Kyle Kelhofer, IFC country manager for Vietnam, Cambodia, and Laos.